Sit Investment Associates Inc. Grows Position in MFS Charter Income Trust $MCR

Sit Investment Associates Inc. boosted its holdings in shares of MFS Charter Income Trust (NYSE:MCR) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,993,082 shares of the financial services provider’s stock after acquiring an additional 557,205 shares during the period. Sit Investment Associates Inc.’s holdings in MFS Charter Income Trust were worth $25,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Millennium Management LLC purchased a new stake in shares of MFS Charter Income Trust in the 4th quarter worth approximately $76,000. Royal Bank of Canada raised its stake in MFS Charter Income Trust by 25.3% in the fourth quarter. Royal Bank of Canada now owns 34,186 shares of the financial services provider’s stock worth $215,000 after buying an additional 6,903 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in MFS Charter Income Trust in the fourth quarter worth approximately $73,000. Wells Fargo & Company MN lifted its holdings in MFS Charter Income Trust by 49.4% during the fourth quarter. Wells Fargo & Company MN now owns 210,837 shares of the financial services provider’s stock worth $1,322,000 after buying an additional 69,758 shares during the period. Finally, Closed End Fund Advisors Inc. purchased a new stake in MFS Charter Income Trust during the fourth quarter worth $193,000.

MFS Charter Income Trust Trading Down 0.8%

Shares of NYSE:MCR opened at $5.93 on Friday. MFS Charter Income Trust has a 12-month low of $5.84 and a 12-month high of $6.58. The business’s fifty day simple moving average is $6.00 and its 200-day simple moving average is $6.14.

MFS Charter Income Trust Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a $0.0437 dividend. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date was Monday, June 8th.

MFS Charter Income Trust Profile

MFS Charter Income Trust (NYSE: MCR) is a diversified, closed-end management investment company organized in 1987. As part of the MFS Investment Management family, the Trust seeks to provide its shareholders with high current income and preservation of capital. The fund’s shares trade on the New York Stock Exchange, offering investors access to a managed portfolio of income-oriented securities within a single, publicly listed vehicle.

The fund primarily invests in a broad mix of preferred stocks, convertible securities and high-yield corporate bonds.